Loan Modification Requests Imploding in California

Wednesday, June 24th, 2009

California loan modification requests continue to be reported with increasing volumes.  Many California homeowners need jumbo mortgage refinance loans, but they do not qualify as the jumbo lending has tightened significantly. Governor Schwarzenegger implemented another California foreclosure moratorium to help distressed homeowners in his state, but is it helping? Many Wall Street analysts covering the home-builder [...]